Coamo, the largest farmer cooperative in Brazil, expects to receive 3.6 million tonnes of soybeans from the 2021/2022 crop, 40% less than initially projected amid crop failure caused by a drought. Brazilian food supply and statistics agency Conab slashed its estimate for soybean production by some 15 million tonnes in the 2021/2022 cycle, citing dry whether. https://kfgo.com/2022/02/10/brazils-biggest-farmer-coop-sees-40-soy-supply-drop-amid-drought/

TURKEY- Gold imports graph. No observable correlation for present initiative.

Turkey will expand its drive to lure savers back to the lira next week with a scheme aimed at bringing billions of dollars worth of “under the mattress” gold into the banking system. the government hoped that 10 per cent of the estimated $250bn worth of gold kept by Turks in their homes would be converted into lira under the initiative. Nebati said that 30,000 gold shops would play a central role in the scheme. The government had signed contracts with five gold refineries to convert jewellery handed over under the programme into gold bullion. https://www.ft.com/content/b015842e-fcbd-40f8-b3f7-f3bc6d5c43a8

Japan's producer price index marked another big spike in January, mainly due to higher prices of raw materials including crude oil. The Bank of Japan said the cost of goods traded among companies increased 8.6 percent in January from a year earlier. The index rose for the eleventh straight month. Wholesale price inflation is still near a record high. The index rose 9.2 percent in November, the fastest pace in four decades. https://www3.nhk.or.jp/nhkworld/en/news/20220210_21/

Banks across the euro zone are being told to increase their cyber defenses with the region's regulator saying the issue should be a top priority amid heightened geopolitical tensions. "We are asking [banks] to strengthen their cyber regime measures and look at a potential increase in attacks and the danger of these attacks going forward,". Moscow has denied that it plans to invade neighboring Ukraine. https://www.msn.com/en-us/money/markets/european-banks-told-to-step-up-cyberattack-defenses-amid-russia-ukraine-crisis/ar-AATHeSz

Canada - Government imposed climate change policy changing business models. Nova Scotia’s power utility is asking for an average general rate increase for residential customers of 9.9 per cent over three years, with possible additional costs due to severe weather and energy efficiency costs. the rate changes will help the company meet government-regulated targets for cleaner energy. Nova Scotia Power would spread out its “decarbonization” program costs over time – and how and when this might impact rates – weren’t provided. https://globalnews.ca/news/8542554/nova-scotia-power-rate-increase-2022/

The Central Bank of Ireland’s gold bullion reserves have surged to 9.5 metric tonnes as they diversify in order to protect against the risks posed by surging Inflation. Ireland bought gold bullion bars stored in the Bank of England. This was Ireland’s first increase since 2008 . Net purchases for 2021 was 3.5 tonnes https://healthwealthgold.com/2022/02/10/irish-central-bank-gold-bullion-holdings-surge-to-9-5-tonnes/

Food prices could soar even higher if conflict were to break out between Russia and Ukraine, top producers of corn and wheat that are a staple to billions around the world, and raise the specter of runaway inflation and political instability in the Middle East. Corn futures on the Chicago Board of Trade, now hover around $6.20 per bushel, marking a gain of more than 10% from a year earlier. Wheat futures on the same exchange are trading 20% higher at approximately $7.60 a bushel. https://asia.nikkei.com/Politics/Ukraine-crisis/Ukraine-crisis-sends-grain-prices-soaring-threatens-food-security

Coffee prices have nearly doubled since this time last year. One major reason is because drought – followed by frost and extreme weather – hit hard in Brazil, the world’s largest coffee producer. The price of coffee is soaring, hitting a new 10-year high this week. Robusta coffee closed at $2.53USD/lb today.

Are CBDC's a tool to sleepwalk populations into a Chinese style social credit system? Unlike previous years where Visa was the only dominating payment method due to Olympic’s contractual exclusivity, this year a new form of payment is HODLing the line. means of transaction around the Olympic games have observed a shift with China’s CBDC taking the lead. The country has been pushing its central bank digital currency towards the citizens of the country in order to expand its reach. Recently they even began testing the e-CNY for international individuals who arrived for the Winter Olympics. https://finance.yahoo.com/news/cbdc-trumps-visa-payment-winter-085747435.html

NOW - Canada's Deputy Prime Minister and Minister of Finance:

"We are broadening the scope of Canada's anti-money laundering and terrorist financing rules so that they cover Crowd Funding Platforms and the payment service providers they use. These changes include all forms of transactions including digital assets such as cryptocurrencies."

@disclosetv

The fight against climate change — with its rush for the light metal coupled with the shutdown of the dirty power sources that helped produce it — has turned the trade upside down. It’s crippling supply, particularly in China. On the London Metal Exchange, spot prices for the metal have surged above $3,300 a metric ton for the first time since June 1988.The main culprit is electricity. Turning bauxite into pure metal is an energy-intensive process. On average, producing a ton of aluminum uses the same electricity as an average U.S. family consumes in year. https://www.bloomberg.com/opinion/articles/2022-02-14/aluminum-will-intensify-the-inflationary-wave-washing-around-the-world

By incentivizing corn production, it spurred the conversion of enormous swaths of pasture and grassland into cropland, resulting in net emissions that could potentially make corn ethanol an even bigger carbon source than gasoline itself. Amortized across 30 years, the team found that corn ethanol’s carbon intensity may actually be 24 percent higher than gasoline. https://thecounter.org/corn-ethanol-production-climate-change-worse/

The San Francisco 49ers have been hit by a ransomware attack, with cyber criminals claiming they stole some of the football team's financial data. The ransomware gang BlackByte recently posted some of the purportedly stolen team documents on the dark web in a file marked "2020 Invoices." The gang did not make any of its ransom demands public or specify how much data it has stolen or encrypted. https://www.cbsnews.com/news/san-francisco-49ers-hacked-ransomware-blackbyte/

“After a successful trial in 2021, the Bank of Jamaica will put out its own digital Jamaican dollar in 2022.” Countries that have already deployed CBDCs, include China, Nigeria, and Venezuela. The European Commission said that a digital euro bill will be unveiled in 2023. https://techstory.in/prime-minister-says-bank-of-jamaica-will-roll-out-the-digital-jamaican-dollar-in-2022/

US- The average price of a gallon of regular-grade gasoline currently stands at $3.488, an increase of more than 30 percent since the same time last year, when it was $2.505 a gallon. total domestic gasoline stocks decreased by 1.6 million barrels to 248.4 million last week. https://www.theepochtimes.com/gasoline-prices-rise-across-us-again-experts-warn-more-pain-at-pump-coming_4276348.html?utm_source=ref_share&utm_campaign=copy&rs=0&

The Christian crowdfunding site GiveSendGo has been hacked and temporarily disabled after it facilitated the raising of nearly $9 million for the convoy of Canadian truckers who have been protesting vaccine mandates. GiveSendGo’s list of donors, approximately 92,000 of them, was also leaked and shared online. https://www.christianpost.com/news/givesendgo-hacked-donors-leaked-amid-covid-trucker-protest.html

Argentinian Tax Authority now has a procedure for confiscating digital assets in these accounts. This addition will allow authorities access not only bank accounts and loans given out by third parties but also houses and cars owned by individuals who may be involved with cryptocurrencies transaction history- even if they made those purchases decades ago! they could confiscate even cryptocurrencies if the custody of these assets depends on an entity based in Argentina. https://www.newsbtc.com/news/argentinian-tax-authority-to-seize-digital-wallets-to-collect-tax-debts/

Belarusian President Alexander Lukashenko signed a decree confirming the country's official support for the free circulation of cryptocurrencies. The document provides a legal basis for the creation and maintenance by the Belarusian High-Tech Park of a register of crypto wallet addresses used in illegal activities. The decree document details the process and standards for the government to seize crypto from criminals. The decree is intended to protect crypto investors from possible losses and prevent unintentional participation in activities prohibited by law. https://president.gov.by/ru/documents/ukaz-no-48-ot-14-fevralya-2022-g

UK - Petrol prices have surged to a record high and are expected to climb further in coming weeks, adding to the burden on UK households’ already squeezed budgets.
The AA said petrol surpassed 148p a litre on Sunday, rising above the previous record high of 147.72p on 21 November last year. https://www.theguardian.com/money/2022/feb/14/uk-petrol-prices-hit-all-time-high

The best option for India is to ban private cryptocurrencies, one of the country's top central bankers said. Private crypto is worse than Ponzi schemes and pose a threat to financial stability, Rabi Sankar said. The government plans to impose a 30% tax on income from cryptocurrencies and other digital assets such as NFTs, or non-fungible tokens. It also wants to deduct 1% in tax at source on payments related to buying such assets. https://www.yahoo.com/entertainment/india-ban-ponzi-private-cryptos-114901191.html

US- A hack at IRA Financial Trust, which offers self-directed retirement accounts, resulted in the theft of $36 million in cryptocurrency. That same day, unidentified hackers drained $21 million in Bitcoin and $15 million in Ethereum from the accounts of IRA Financial Trust customers. https://www.bloomberg.com/news/articles/2022-02-14/ira-financial-hacked-36-million-in-cryptocurrency-stolen?srnd=premium&sref=ibr3A0ff